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Welcome to the latest round-up of lateral partner moves in the legal market from Edwards Gibson; where we look back at announced partner-level recruitment activity in London over the past two months and give you a ‘who’s moved where’ update.
There are a total of 68 lateral partner moves in this edition, which, although a 5% increase on our March-April edition, is 13% fewer than the statistical average for the preceding five year period. Indeed, at the half year point, the number of lateral partner moves in London was down 23% on the (admittedly record breaking) same period in 2017 – a drop which, as we observed in our last edition, is only partially explained by the 2017 figures being artificially buoyed by the collapse of King & Wood Mallesons’ European verein.
Still, there are plenty of exciting comings and goings for market watchers in this edition which includes seven moves by in-house lawyers into partnership (including two from litigation funders) along with the hire by Linklaters of the Director of Public Prosecutions – Alison Saunders.
Also of note; the reclaiming of one of its own by Allen & Overy - in the form of leading financial services partner Bob Penn, after a two year sojourn at Cleary, Gottlieb, Steen & Hamilton - represents a rare riposte in the battle for talent by a magic circle firm against the US elite.
The largest single team move in this round-up was by Irwin Mitchell which nabbed a three partner employment team from Bindmans.
Top partner recruiters in London May-June 2018
Paul Hastings 4
Eversheds 4
Irwin Mitchel 3
White & Case 3
Please do not hesitate to contact us if you would like to discuss this article or any other aspect of the market in more depth.
Scott Gibson, Director scott.gibson@edwardsgibson.com
Sloane Poulton, Director sloane.poulton@edwardsgibson.com
Mark Coates, Senior Consultant mark.coates@edwardsgibson.com
Please click here to understand our methodology for compiling Partner Moves
Download the full Partner Moves Issue here >>
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Edwards Gibson Partner Round-Up - Our Methodology
Previous editions of Partner Moves in London
Quantifying your following and writing an effective law firm business plan
Specimen partner business plan template
The Partnership Track and Moving for Immediate Partnership
Legal directory rankings and their effect on lawyer recruitment
Restrictive Covenants and Moving on as a Partner
Paul Weiss - The invasive species that upset the London Big Law ecosystem
Paul Weiss - Happy Birthday to BigLaw's Apex Predator
Paul Weiss - Blackjack!
Breaking The Circle - the real significance of Freshfields pay bonanza is far more profound than just another Big Law salary arms race.
A lawyer's progress to partnership... and the closing window of opportunity
Linklaters – Welcome to the “Hotel California” of Big Law; “You can check out anytime you like but you can never leave”
The Pecking Order at MIPIM; believe it or not Real Estate Lawyers are not at the bottom!
Parallels in Peril, two midsize law firms – Axiom Ince and Stroock & Stroock & Lavan – collapse in the same month
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